OT - Dow plunges 1,175 - worst point decline in history

[93KgBike]

Deleveraging could be catastrophic, and would likely start with trading models failing as the osmotic movement of cash overcomes speculative investment. There must be a reinsurance risk graph somewhere...

[C40_guy]

Originally Posted by verticaldoug

I feel like this thread has turned into a episode of The Marvelous Mrs. Maisel

New season just hit!

[Jeff N.]

Losing many $$$$'s on my portfolio.

[kppolich]

Originally Posted by Jeff N.

Losing many $$$$'s on my portfolio.

only if you sell the shares you currently have will you actually lose. nice time to buy.

[MattTuck]

Originally Posted by kppolich

only if you sell the shares you currently have will you actually lose. nice time to buy.

[verticaldoug]

Originally Posted by saab2000

What do you suppose is going to happen? Other than the volatility, this kind of correction was pretty much expected. The outsized growth of the past decade wasn't likely to be sustainable. I am no economics or finance expert but many, many people were saying equities were wildly overvalued for the past several years.

Let's see what the market feels like when VIX spikes to 50. We still in mid 20s and it hasn't spiked above 30 yet.

We have been 'winning' and politics have been unbearable in my opinion. If we ever have a financial crisis when compromise and bipartisanship are needed, will they be able to work together or will it just be a blame game and scorched earth. I think this is the danger here.

And as I read somewhere today, with the Huawei arrest, US is the dog that caught the car.

[cloudguy]

Originally Posted by Jeff N.

Losing many $$$$'s on my portfolio.

Oh Jeez, I'm really sorry to hear that. It always seems that you lose money when the market goes down. Never would have guessed it.

[OtayBW]

I'm no economist either, but with the S&P down >2% for the year, and the majority of that loss coming with high volatility after ~Oct, I'd say that this is more of a self-induced crisis and less of a correction in the traditional sense....

[saab2000]

Originally Posted by kppolich

only if you sell the shares you currently have will you actually lose. nice time to buy.

This is how I see it too.

The balloon expands and contracts but the amount of air (number of shares) inside the balloon doesn't change. When we buy we add to the amount of air.

This doesn't worry me too much. There are other economic things that worry me more, like the size of national debt, etc.

My mother, who is retired, has holdings that have taken a huge beating. Thankfully she doesn't depend upon selling shares to survive.

[djg21]

Originally Posted by C40_guy

New season just hit!

And unlike this thread, it’s great. One funniest things I’ve seen on TV with great writing.

[Mzilliox]

Originally Posted by joosttx

If you got something to offer you will be hired. The issue for older workers is kinda like the issue for younger workers. They think money should be handed to them bc they got a college degree or worker 15 years at the same middle management position never learning much more.

What I coached people about being hireable is 3 things.

1) have excellent network
2) never stop learning or pushing yourself

And for the older one

3) stay fit and healthy


All this rumbling in the market is about end of the year tax prepping.

id like to think this is true, but often its difficult to prove you have something to offer, especially if the thing you have to offer is yourself. how do you get seen without lying on the piece of paper, because you'd have to to impress anyone. everyone does the same thing. i also find middle management can be quie petty and threatened by talent, often misdirecting talent to minimize competition. this is reality. it doesn't mean the company is any good, but its a fact.

[C40_guy]

Originally Posted by djg21

And unlike this thread, it’s great. One funniest things I’ve seen on TV with great writing.

If you liked that series, you should also check out Doc Martin!

[joosttx]

id like to think this is true, but often its difficult to prove you have something to offer, especially if the thing you have to offer is yourself. how do you get seen without lying on the piece of paper, because you'd have to to impress anyone.

Networking solves this problem



everyone does the same thing. i also find middle management can be quie petty and threatened by talent, often misdirecting talent to minimize competition. this is reality. it doesn't mean the company is any good, but its a fact.

Why would you want to work for a company like that

[kevinvc]

Originally Posted by cloudguy

Oh Jeez, I'm really sorry to hear that. It always seems that you lose money when the market goes down. Never would have guessed it.

Wow, nice response. Some people's retirement income or college funds are dependent on the market. It seems that some posters are sarcastic a-holes indifferent to the financial vulnerability of others. But we all could have guessed that.

[bikinchris]

Originally Posted by kevinvc

Wow, nice response. Some people's retirement income or college funds are dependent on the market. It seems that some posters are sarcastic a-holes indifferent to the financial vulnerability of others. But we all could have guessed that.

If anyone is getting ready to retire, they should already have their portfolio away from risky stocks. Same thing if a college fund is almost needed.